4T4U: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
4T4U
Largest movements
- Tangible fixed assets -€27,191
down €27,191 (-93.6%), from €29,053 to €1,862
of which Leasing and similar rights: -€18,388
- Receivables within one year -€10,861
down €10,861 (-96.5%), from €11,260 to €399
of which Trade receivables: -€10,890
- Cash -€5,260
down €5,260 (-13.0%), from €40,442 to €35,183
mainly Other debts (-€24,222) and Net result for the year (-€10,114)
- Other debts -€24,222
down €24,222 (-63.3%), from €38,277 to €14,056
- Profit (loss) carried forward -€10,114
down €10,114 (-208.9%), from -€4,841 to -€14,955
- Current portion of long-term debt -€7,074
down €7,074 (-100.0%), from €7,074 to €0
- Tax, wage and social debts -€3,274
down €3,274 (-75.6%), from €4,331 to €1,057
- Purchases and services +€18,611
new in 2025: €18,611
- Gross operating margin -€13,120
down €13,120, from €8,653 to -€4,468
- Depreciation -€9,243
down €9,243 (-93.9%), from €9,846 to €603
- Turnover +€6,250
new in 2025: €6,250
- Taxes -€2,524
down €2,524 (-86.4%), from €2,921 to €397
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,711 | €38,356 | -€44,355 | -53.6% |
| Formation expenses | 20 | €272 | €0 | -€272 | -100.0% |
| Fixed assets | 21/28 | €29,147 | €1,862 | -€27,285 | -93.6% |
| Intangible fixed assets | 21 | €95 | €0 | -€95 | -100.0% |
| Tangible fixed assets | 22/27 | €29,053 | €1,862 | -€27,191 | -93.6% |
| Furniture and vehicles | 24 | €8,566 | €0 | -€8,566 | -100.0% |
| Leasing and similar rights | 25 | €18,388 | €0 | -€18,388 | -100.0% |
| Other tangible fixed assets | 26 | €2,098 | €1,862 | -€236 | -11.2% |
| Current assets | 29/58 | €53,292 | €36,495 | -€16,797 | -31.5% |
| Amounts receivable within one year | 40/41 | €11,260 | €399 | -€10,861 | -96.5% |
| Trade receivables | 40 | €10,890 | €0 | -€10,890 | -100.0% |
| Other amounts receivable | 41 | €370 | €399 | +€29 | +7.7% |
| Cash at bank and in hand | 54/58 | €40,442 | €35,183 | -€5,260 | -13.0% |
| Deferred charges and accrued income | 490/1 | €1,589 | €913 | -€676 | -42.5% |
| Total equity and liabilities | 10/49 | €82,711 | €38,356 | -€44,355 | -53.6% |
| Equity | 10/15 | €32,559 | €22,445 | -€10,114 | -31.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €32,400 | €32,400 | = | 0.0% |
| Distributable reserves | 133 | €32,400 | €32,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,841 | -€14,955 | -€10,114 | -208.9% |
| Amounts payable | 17/49 | €50,152 | €15,912 | -€34,240 | -68.3% |
| Amounts payable within one year | 42/48 | €50,152 | €15,912 | -€34,240 | -68.3% |
| Current portion of amounts payable after more than one year | 42 | €7,074 | €0 | -€7,074 | -100.0% |
| Trade debts | 44 | €469 | €799 | +€329 | +70.1% |
| Suppliers | 440/4 | €469 | €799 | +€329 | +70.1% |
| Taxes, remuneration and social security | 45 | €4,331 | €1,057 | -€3,274 | -75.6% |
| Taxes | 450/3 | €4,331 | €1,057 | -€3,274 | -75.6% |
| Other amounts payable | 47/48 | €38,277 | €14,056 | -€24,222 | -63.3% |
| Turnover | 70 | - | €6,250 | +€6,250 | |
| Non-recurring operating income | 76A | - | €119 | +€119 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €18,611 | +€18,611 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,846 | €603 | -€9,243 | -93.9% |
| Other operating charges | 640/8 | €3,102 | €3,161 | +€59 | +1.9% |
| Non-recurring operating charges | 66A | - | €1,388 | +€1,388 | |
| Gross operating margin | 9900 | €8,653 | -€4,468 | -€13,120 | |
| Operating profit (loss) | 9901 | -€4,295 | -€9,620 | -€5,324 | -124.0% |
| Financial income | 75/76B | €31 | €6 | -€25 | -79.3% |
| Recurring financial income | 75 | €31 | €6 | -€25 | -79.3% |
| Financial charges | 65/66B | €197 | €104 | -€93 | -47.3% |
| Recurring financial charges | 65 | €197 | €104 | -€93 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,461 | -€9,717 | -€5,256 | -117.8% |
| Income taxes | 67/77 | €2,921 | €397 | -€2,524 | -86.4% |
| Profit (loss) for the period | 9904 | -€7,382 | -€10,114 | -€2,732 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,382 | -€10,114 | -€2,732 | -37.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.